Common use of Termination for Cause Defined Clause in Contracts

Termination for Cause Defined. Notwithstanding any other provision herein, this Agreement shall terminate without any liability to or upon the Company other than to pay Base Salary for services rendered prior to the date of termination if Executive's employment is terminated for "Cause." The following shall constitute grounds for termination of Executive's employment for Cause: (i) willful or neglect by Executive of his duties which continues for ten (10) days after written notice of such neglect is provided to Executive by the Company; (ii) conviction of Executive of any felony, or of any lesser crime or offense materially and adversely affecting the property, reputation or goodwill of the Company or its successors; (iii) any material breach of the terms of this Agreement; or (iv) willful misconduct by Executive in connection with the performance of his duties.

Termination for Cause Defined. Notwithstanding any other provision herein, this Agreement shall terminate without any liability to or upon the Company other than to pay Base Salary for services rendered prior to the date of termination if Executive's employment is terminated for "Cause." The following shall constitute grounds for termination of Executive's employment for Cause: (i) willful or gross neglect by Executive of his duties which continues for ten (10) days after written notice of such neglect is provided to Executive by the Company; (ii) conviction of Executive of any felony, or of any lesser crime or offense materially and adversely affecting the property, reputation or goodwill of the Company or its successors; (iii) any material breach of the terms Executive's obligations under Section 8 of this Agreement; or (iv) willful misconduct by Executive in connection with the performance of his duties.